Question: how to reply to this Hypothesis testing is a way to make business decisions using data instead of guesses. It starts with a null hypothesis
how to reply to this Hypothesis testing is a way to make business decisions using data instead of guesses. It starts with a null hypothesis (no change or difference) and an alternative hypothesis (what we expect to prove). By testing sample data, we can see if the results are strong enough to reject the null. In business, this can mean testing if average sales went up after a new strategy (mean), if two regions have different customer satisfaction scores (difference of means), or if more than a certain percentage of customers respond to a marketing campaign (proportion). These tests help companies measure results and adjust pans. It's important to remember the assumptions, like having a random sample or a large enough sample size. Pitfalls include relying only on p-values or running too many tests until something looks significant. Ethically analysts should report results honestly and not manipulate the data in order to fit what leaders may want to see
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